this post was submitted on 21 Mar 2025
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Another part to consider is how house sizes have gone up by a fair margin over the past 50 - 70 years. If you look at old bungalows built after the war they are 1000 - 1500 sqft homes, modern builds (around me at least) are all 2500+ sqft. So part of why homes are more expensive is that we're building more home on each lot (just speaking on fully detached homes here).
A "starter home" isn't really a thing anymore.
It seems like we have lots of single bedroom starter condos at 500-900 sqft, but I think those are designed to appeal to investors. 😬
I think a lot of people would be open to smaller homes/condos (1200 sqft) if they were affordable and nice.